BNA Fixed Assets Software


 

BNA Fixed Assets from Bloomberg BNA is a system that helps companies of all sizes manage the entire lifecycle of their fixed assets, from construction and purchase through retirement. BNA Fixed Assets eliminates duplicate entry and its inherent discrepancies by providing a single location to manage fixed assets, versus disparate accounting and tax systems and spreadsheets.

BNA Fixed Assets automates the process and the company is in strict compliance with today's complex and changeable tax and GAAP regulations. The system offers reporting capabilities as well, so users can quickly access and generate the reports that matter most to your team and the stockholders. BNA's built-in report wizard includes a suite of fully customizable reports.

BNA Fixed Assets can be integrated with existing accounting and tax compliance systems. The software can be deployed on-premise or in the cloud with BNA Fixed Assets Web. It is scalable, so regardless of the company size, number of assets, or locations, Bloomberg BNA will be able to support a user's needs. 

 

BNA Fixed Assets - Assets
 
  • BNA Fixed Assets - Assets
    Assets
  • BNA Fixed Assets - Reports
    Reports
  • BNA Fixed Assets - Setup
    Setup
  • BNA Fixed Assets - Books
    Books
  • BNA Fixed Assets - Expenses
    Expenses
  • BNA Fixed Assets - Balance
    Balance
Supported Operating System(s):
Web browser (OS agnostic), Windows 10

12 Reviews of BNA Fixed Assets

Showing 1-12 of 12

 

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Marcia from Quanex Building Products

July 2017

July 2017

Easy to use and learn

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support
Pros

There are different functional currencies.
The ability to save reports in excel, pdf or csv formats.

Cons

Help site is difficult to find answers.
Customer support people are not the friendliest.
No other cons

Source: Capterra
 

Mike from Formica Corporation
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

March 2017

March 2017

Great value for the investment

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Overall, the BNA Web fixed asset web product is easy to use and gives me the ability to generate IRS forms, which makes the US tax return process more seemless. The flexibility in reporting is also useful for obtaining both actual and forecast data in a timely manner.

Source: Capterra
 

Jerry from Fresenius Kabi USA LLC
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

March 2017

March 2017

Reverse of the last transaction

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Generally, I like using BNA Fixed Assets - it is easy to search for particular assets, there are many options to modify reports. The only big problem I have is that I cannot reverse transactions. For instance, if I import 100 assets and I made an error, I would like to be able to reverse the entire transaction. Each time when I import something I print the transaction report. Each report should have its number, and if I want to go back in the future and reverse the transaction, I should be able to search by the transaction number and reverse it, or at least be able to reverse the last transaction.
Also, it would be great if you could improve reports saved in excel format. Very often cells in reports are combined, many additional rows and columns are added, and it is difficult to format and work with those reports.

Best regards,

Jerry

Source: Capterra
 

Jennifer from Intellectual Ventures Mgmt LLC
Number of employees: 201-500 employees Employees number: 201-500 employees

March 2017

March 2017

Bloomberg BNA Fixed Assets - It just works

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

We've been using BNA for over 10 years and it just works. We've been able to track our fixed assets with ease. The rare times we've had a question, the BNA helpdesk has been friendly and responsive.

Pros

Ease of use, great customer service

Cons

Placed in service date

Source: Capterra
 

Chris from Post Acute Medical
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

March 2017

March 2017

Ease of Use

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

I have been using Bloomberg BNA Fixed Assets for four years. It has helped to streamline our fixed assets accounting process and has also helped tremendously with tax preparation. We recently switched to the BNA Fixed Assets Web version and this has continued to help streamline our operations.

Pros

Reporting functionality, versatility.

Cons

Need to continue to make strides on the BNA Fixed Assets Web. Would like to see better ad-hoc reporting capabilities.

Source: Capterra
 

Marcia from Quanex Building Products Corporation
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

March 2017

March 2017

BNA Fixed Assets

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

The software is very user friendly and the reports are easy to manipulate to achieve the results you want. The help index is confusing and I tend to call support if I have questions.

Pros

user friendly and easy to get reports

Cons

help index is confusing and hard to find answers

Source: Capterra
 

Rashid from Sterling Bay LLC

March 2017

March 2017

SR Accountant

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

I have had a good experience with the software. It was very easy to setup, add assets, make changes mid year, etc. The reporting is great and can easily be modified. The only bad experience I have had was with your customer service team. I would've hoped they were more understanding of our needs and guide us through issues but instead i was referred to the manual to figure it out by myself.

Source: Capterra
 

Dawn from The Farmers Bank of Appomattox

March 2017

March 2017

Farmers Bank of Appomattox

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

We have been a BNA desktop customer for many years and recently converted to the BNA web product. The conversion was not as smooth as hoped but we finally got up and running. The primary complaint thus far is the font size used in reports. It is microscopic! We will work with technical support to solve this issue hopefully. Thus far technical support has been very responsive and helpful.

Source: Capterra
 

Tara from Allegheny Wood Products, Inc.
Number of employees: 51-200 employees Employees number: 51-200 employees

March 2017

March 2017

BNA Fixed Assets Review

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

We have recently upgraded from the desktop version to the web version of BNA Fixed assets. There were many difficulties with the move, but received customer service to slowly complete the transaction. After we accomplished the transfer and customized the system to our specific use, one thing I would say that is extremely helpful is the ability to search within each field. There has been a lot to learn with the system compared to the old with specifics as report creating, defaults, and asset view. In the future I look to learn more about the software and the possible capabilities. We have found a few items that are desired enhancements as listed below:
¿ Order of fields in Add Asset windows to be customizable
¿ Add option to upload document within the Add Asset window when asset is created rather than editing the asset and then uploading the document
¿ Option to add an additional asset after one is complete
¿ Default within Add Asset windows: Override Additional First-Year Depreciation - Default next screen to choose No AFYD
¿ Setup- Fields ¿ Asset Field List ¿ larger box to view all data at once
¿ Similar: Edit within asset ¿ when selecting from PickList - larger selection area
¿ Have ¿All Favorites¿ (reports and batches) as a filter in the reports section
¿ Asset Viewer ¿ ability to go to next asset without exiting asset viewer
¿ Assets View ¿ add more headers ¿ be able to scroll over (left and right)
Thank You.

Pros

Ability to search within each field on the asset view.

Cons

¿Listed below are a few desired enhancements:
Order of fields in Add Asset windows to be customizable
¿ Add option to upload document within the Add Asset window when asset is created rather than editing the asset and then uploading the document
¿ Option to add an additional asset after one is complete
¿ Default within Add Asset windows: Override Additional First-Year Depreciation - Default next screen to choose No AFYD
¿ Setup- Fields ¿ Asset Field List ¿ larger box to view all data at once
¿ Similar: Edit within asset ¿ when selecting from PickList - larger selection area
¿ Have ¿All Favorites¿ (reports and batches) as a filter in the reports section
¿ Asset Viewer ¿ ability to go to next asset without exiting asset viewer
¿ Assets View ¿ add more headers ¿ be able to scroll over (left and right)

Advice to Others

The transfer from the desktop version to the web is not a pretty conversion. Once on the new system a lot of time as spent to recreate several reports. We have learned a lot about the system and have adjusted to the differences. I look forward to learning more about the system and the available features and reporting capabilities.

Source: Capterra
 

Stephen from Famous Enterprises, Inc.
Number of employees: 501-1,000 employees Employees number: 501-1,000 employees

March 2017

March 2017

Average Product!

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Average. We expected an improvement with web vs desktop. Consolidated reporting is very poor. We need consolidated reporting similar to the desktop for our Tax Accountants.

Pros

Can have more than one company open at the same time.

Cons

Consolidated Reporting1q

Source: Capterra
 

Yardley from Novo Nordisk Inc.
Number of employees: 10,000+ employees Employees number: 10,000+ employees

March 2017

March 2017

Novo Nordisk Inc BNA Fixed Assets Review

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

In general, this works about as well and is as user friendly as you can expect from something as complicated as a fixed asset tool. We are, in general, very happy with this product. The one major complaint is regarding reports that are exported to Excel. When producing a report for export to Excel and including a fixed asset description, it automatically puts the description on the next line. Additionally, the Excel cells are all merged and text wrapped. It take a significant amount of time to get the Excel report into a user friendly format that is suitable for Excel analysis each month. The new module for exporting data is not what we are looking for either. We would like the reports with the headers and all fields as shown in the reporting feature, we would just like the report to be Excel-ready. Otherwise, it is a good product.

Pros

Easy to train new, non-tax technical personnel on

Cons

The way that the reports export to Excel

Advice to Others

Please improve Excel export reporting feature - fix columns, cell merging, descriptions going to following line, etc.

Source: Capterra
 

Greg from Pinnacle Entertainment
Number of employees: 10,000+ employees Employees number: 10,000+ employees

October 2016

October 2016

Very Easy to use; good service, expensive pricing model; weak reporting

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

The software makes it very easy to upload and mass modify assets. If you buy it, you must get the dataview add-on that lets you integrate the reporting into excel. The base crystal reporting is hard to use and also only allows you to report on one book at a time.

The database is very flexible, allowing multiple placed into service dates (one for each book) but the reporting becomes erroneous if you have to input assets placed into service in prior periods or modify the basis of an asset (say, due to an impairment). Instead you need to create new component assets for the modifications. This becomes a problem because BNA charges you based on the number of assets, and the price escalates very quickly. We have only 5 users but are forced to pay for a pricey 100 user license because we have 100,000 assets. In other words, BNA is bad for capital-intensive businesses who need detailed, accurate records.

By using easy to understand asset types you can quickly populate all of your books (GAAP, Fed, AMT, etc) because lives and methods are programmed automatically by type. You get great efficiency and simply your tax reporting. If you have unusual assets you can also modify each book separately after you populate the asset type, so you retain flexibility when needed.

For a smaller business, this software would be superb.

The BNA team was very responsive during our implementation, and did the project management for us. All we had to do was export our old database into CSV or excel and give it to them. The job was very well done.

Pros

The asset type method makes training users very easy

Cons

The price model is unfair to companies with a large number of assets but few transactions. The reporting is basic and prone to error. An upgrade is required to get a good reporting capability.

Source: Capterra